DOT/USDT – 1H – BUYThe currency pair moves from the bullish trendline down.
A bearish descent down to the next support line at 4.908000000 will continue.
Caution: A possible counter-trend in the direction of resistance at 5.839000000 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 5.4791 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 5.839000000 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 5.839000000 |
| Current Price | 5.420000000 |
| Next Low | 4.908000000 |
| 2nd Low | 4.314000000 |
| 3rd Low | 4.239000000 |